The announcement from the crypto alternate Coinbase concerning its determination to record the cryptocurrency has sparked a exceptional 98% surge within the worth of BONK over the past 24 hours.
This comes on the heels of BONK hitting an all-time excessive of $0.000029 immediately, as bullish traders capitalized on robust constructive market sentiment and main alternate listings.
BONK Inks Strong Numbers
The Solana-based meme coin has skilled a powerful 750% improve over the past 30 days, marking a major milestone in its upward trajectory.
BONK explodes 98% within the final 24 hours. Supply: Coingecko
The latest addition of BONK on Binance has performed a major position in driving up its worth as nicely. Binance intends to incorporate the memecoin as a crypto asset which may be borrowed on its Remoted Margin Program beginning December 17.
Additionally, Coinone, a cryptocurrency alternate primarily based in South Korea, has lately mentioned that it will embody BONK on its platform. The BONK/KRW pair will likely be obtainable for buying and selling, with deposits beginning on December 14 at 10:00 a.m. (KST) and spot buying and selling opening on the identical day at 5:00 p.m. (KST).
All these listings are proving to be useful for the value of the meme coin.
BONK 30-day worth motion. Supply: Coingecko
Since its introduction in December 2022, BONK’s worth has elevated dramatically; it has grown by 7,000% since September 2023, making it the third-largest meme coin behind Dogecoin (DOGE) and Shiba Inu (SHIB).
Following its launch, Bonk acquired recognition throughout the Solana ecosystem by performing as a fee technique for non-fungible tokens (NFTs) and discovering a wide range of purposes.
This Meme Coin Is No Joke
Since October, the coin has grown quickly regardless of its preliminary debut as a parody token because of the excessive stage of curiosity within the Solana ecosystem.
With 61 trillion BONK in circulation, the coin’s market capitalization is at present $931,186 indicating a major 66.60% worth acquire over the past seven days.
BONKUSD at present buying and selling at $0.0000261942 territory. Chart: TradingView.com
Given the numerous affect of the Solana ecosystem on Bonk’s ascent, this ranks it because the seventieth largest cryptocurrency.
In a associated information, BONK has shared BONKBot, a brand new software program that makes bitcoin buying and selling simpler on widespread chat apps like Telegram and social media.
With this transfer, BONK hopes to enhance consumer participation and accessibility within the cryptocurrency buying and selling group.
Supply: Coincodex
In the meantime, with the expected bull run within the cryptocurrency market driving progress by means of 2024, BONK will be capable to successfully increase its viewers. Because the group expands, the value of BONK could ultimately hit $0.00095.
Alternatively, there’s a vital probability that the BONK meme foreign money will see a decline throughout a liquidity disaster or a market-wide selloff. Within the occasion of a particularly quick crash, the bears may retest the $0.000010 mark.
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